Rashtriya Udyamita Vikas Pariyojana

About Rashtriya Udyamita Vikas Pariyojana

• It is tailored specifically for beneficiaries of the PM SVANidhi scheme, this unique National Entrepreneurship Development Project underscores the government’s steadfast commitment to nurturing job providers across the nation. 
• Aim: It aims to equip individuals with comprehensive entrepreneurship training, creating job providers rather than job seekers.
• This initiative focuses on reskilling and upskilling employees to enhance their competitiveness and adaptability in an era of disruptive technology.
• It will offer comprehensive entrepreneurship training over a period of 22 weeks, combining theoretical knowledge with practical exposure through experiential learning.
• The training will be conducted through offline, online and hybrid modes, with certificates awarded upon completion, enhancing the course’s credibility and value.
• The Government of India has partnered with Flipkart to skill street vendors and small shopkeepers.
• Under the pilot program, street vendors of 10 big cities of the country will be given a stipend along with training to expand their businesses.

Q1) What is PM SVANidhi Scheme?

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched on June 01, 2020, for providing affordable Working Capital loans to street vendors to resume their livelihoods that have been adversely affected due to the Covid-19 lockdown.

Source: Shri Dharmendra Pradhan inaugurates the Rashtriya Udyamita Vikas Pariyojana under Skill India Mission, empowering PM Svanidhi Beneficiaries